Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (42825)	12/9/2003 11:38:02 AM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Report: I am committing to buy 14 tranches (that's right, 42 dollops) of China Life (HK.2628) at HKD 3.61/shr, which requires me to put up HKD cash in the quantity of 4.7% of my gross asset. I either would have to convert my ever precious non-USD/HKD for, or draw down a line of HKD credit. I decided to draw down credit, because non-USD/HKD are more precious than USD/HKD. The hope is of course that I get allocated enough China Life IPO shares to make the effort worthwhile (will probably/hopefully get allocated 2 out of 42 dollops) and that the share jumps 40% on IPO day next week. If USD/HKD tanks relative to other currencies within the next few days, no matter, because I did not give up my non-USD currencies to do this trade ;0) If USD/HKD helicopters relative to other currencies within the next few days, all the better, because I can use the returned portion of the IPO-wager line of credit to buy paper gold :0) Now, should world equity markets collapse 20% during this dangerous game, I am stuffed. I am travelling to Beijing tomorrow for 7 days. Chugs, Jay

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